Learn/Markets
How to read a probability on a market card
The large percentage on a Foreseez card is an implied probability. Here is what it is, what it is not, and how it updates.
Aug 31, 2026 · 5 min read
The headline number on a card is the implied probability of the leading outcome: the open market with the highest Yes price. 83% means the live book is pricing that outcome around 83 cents on the dollar.
That is not a poll of users on Foreseez. It is not editorial judgment. It is the midpoint of the venue book, refreshed while you look at the page. If the book is empty, the card falls back to the last reported venue price.
Leading outcome, not the whole event
An event can have many markets. A card still has to pick one number. Foreseez shows the leading Yes. Open the event to see every outcome, the book, and the chart. If you hold a different outcome, the card can still be useful as a snapshot of who is currently priced first.
Volume is not the same as conviction
The dollar figure in the corner is traded volume. A large number means the book has seen activity. It does not mean the probability is locked in. Thin books can print dramatic percentages on very little size. Always check liquidity and the bid/ask before you treat a print as a forecast.
Keep reading
- What is a prediction market?
A short primer on how prediction markets turn questions into prices, and why those prices are worth reading.
- Yes, No, and outcome tokens
Every Foreseez market is a binary contract. This explains the two tokens, how buying No works, and why both sides can be the trade.
- Reading the order book
Bids, asks, spread, and why a midpoint is not a fill. A practical guide to the ladder on the event desk.